Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Long Term Investors' Outpost -- Ignore unavailable to you. Want to Upgrade?

To: Sueponine who wrote (94)	7/10/2002 4:44:58 PM
From: alanrs	Respond to of 562

if you are looking for cheap commissions, quick executions, and reliable bookkeeping, with NO advice, Interactive Brokers can't be beat. www.interactivebrokers.com IMO ARS

To: Sueponine who wrote (94)	7/11/2002 10:34:52 AM
From: areokat	Read Replies (1) \| Respond to of 562

Do most of you manage your own IRAs? I'm 55 years old. Many of us manage our investments both in and out of IRAs. Given your age there is plenty of time to recover from being down 60%( my down is in the same general area ). One point to think about since you said you had moved most of your assets into fixed income instruments is that as interest rates rise they will decline in value so you might not want to go too much further in that direction. In 10 years time most of the negatives of this Bear market should have been washed out. Just look at a chart of the Dow and see if you can detect the '87 crash. Not saying that this hasn't been a tech wreak and a half but my believe is that this too will pass. Otherwise why be in the market? Only you can answer that question. Final thoughts. Sounds like you've learned a lot from your experience which is never 100% bad. Just don't focus on the immediate past too much or you may wind up forgoing future opportunities. Most of us feel losses twice as strongly as we do gains so now is not a fun time. FWIW Kat PS a great article by a G&Ker and a NPIer over at the Fool rtwreport.com

To: Sueponine who wrote (94)	7/11/2002 6:51:06 PM
From: quote 007	Respond to of 562

i was with morgan stanley prudential and painewebber as a broker--and i can tell you that 99.9% of all retail brokers have absolutely no clue of how to manage assets--and make you money--or not lose it anybody that believes otherwise is kidding themselves these people are taught to sell sell sell--if you lose a client all there money go find new clients--and they especially want you to take a clients assets and put them in a mutual fund--preferably there own in house mf--or some other packaged product so they can get continuing fees-- why do you think they preach buy and hold? either do it yourself--or find an independent advisor that can show you a track recored--and has a plan of how to manage assets just some friendly advice